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20110701
20110731
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leaders with just one week to go until the big deadline to raise the debt ceiling. he gave a prime time address to the nation last night and blamed the republicans for the current deadlock. >> a significant number of republicans in congress are insisting on a different approach, a cuts only approach, an approach that doesn't ask the wealthiest americans or biggest corporations to contribute anything at all. >> but gop leaders say the president is the one who is refusing to budge. >> the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> republicans are pushing for a two step process that would raise the debt limit enough to last the rest of the year and then a joint committee would tackle a second increase and more spending cuts but mr. obama said he will veto any plan to raise the debit ceiling if it comes in two ways. >>> 4:37. drier yesterday? >> that sounds good. it wasn't as cold and the foggy guess kind of lifted a little bit. >> yeah. boy, that was gloomy around the bay area yesterday especially at the coast. still
for california college students and their families. the next big tuition hike and when it could take effect. >> plus, changing the curriculum for our kids. the controversial subject matter that will soon be required in textbooks. >> we have all heard the rumors. it's supposed to be awesome. the announcement expected from facebook a little later this morning. coming up. ,,,, i know you're worried about making your savings last and having enough income when you retire. that's why i'm here -- to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green line. but i'll be there every step of the way. call or come in and talk with us today. schools to teach gay history is on its way to governor brown's desk. this morning the l-a times ports: the bill >>> a bill requiring california public schools to teach gay history is now on the way to governor brown's desk. this morning the "l.a. times" is reporting the bill would make the state the first in the union to require history classes a
big done. the president has made it clear he wants to do something substantial. >> reporter: with the default deadline just 15 days way, president obama and congressional leaders are scrambling to slash government spending and raise the debt limit. tomorrow, the house is expected to vote on the republicans cut, cap and balance plan that calls for immediate cuts and aggressive cap on future spending and a constitutional amendment requiring a balanced budget. senate democrats say the proposal, which rules out any tax hikes, is dead on arrival. >> we don't need an amendment. we basically need to accept the responsibility to do this job and to lead. >> reporter: there were no formal talks between president obama and congressional leaders over the weekend but behind the scenes, senate leaders are negotiating a bipartisan backup plan. the measure would allow president obama on his own to raise the debt ceiling in stages. it may also include 1 1/2 trillion dollars in spending cuts, not enough to satisfy most republicans. >> i think the mcconnell plan is more of washington not takin
. >> a big package will require big tax increases in the middle of an economic situation that is extraordinarily difficult. with 9.2% unemployment. we think it is a terrible idea. it is a job killer. >> reporter: even some democrats are raising concerns about the president's plan, especially cuts to medicare and other social services. >> he said we're not going to end the medicare guarantee. >> reporter: president obama scheduled a news conference for this morning. before he meets with lawmakers. he is expected to stress that a deal must be reached within the next week and a half. for the u.s. to avoid its first-ever default. >> the president made it clear he is going to do some very difficult political things for him, for his party but the republicans will have to do some things, too. >> if a deal to raise the debt debt -- ceiling by august 2, the treasury department says the government will run out of money to pay its bim. the new head of the international monetary fund warns the impact could be felt worldwide. >> interest hikes. stock markets taking a huge hit. and rea
-free. all right. let's talk about carmageddon. this is a big story all week throughout california. the 405, here's a live look at the 405 near ventura boulevard in los angeles. they are shutting down the 405 for 10 miles this weekend starting tonight at 7:00. it will not re-open until monday. so obviously things are going to be very congested in l.a. but, of course, this is the height of summer season, a huge thoroughfare for people traveling in and out of town. what that means in the bay area, don't travel the 405 to l.a. this weekend. stay home. even the 5 will be busy as an alternate. back to you guys. >> thank you. >>> and tuning into the latest online sensation from europe. >> how a swedish music service is tempting american customers with millions of free tunes. >>> and an infamous balloon boy aircraft goes under the hammer. we'll explain when we comeback. ,,,,,,,,,,,,,, that's the message from sir paul mccartney to the space shuttle crew. he wished them good luck. he als ♪good day sunshine >>> waking up atlantis, that's the message from paul mccartney to the space shuttle crew. h
raphael of spain yesterday in four sets. this was the first time he was a i believe to beat the big guy in a grand slam match. it was also his first title in a tournament with grass courts. first wimbledon title. congratulations there. >>> plenty to do in the bay area to celebrate the big 4th of july weekend including a number of parades. one of them will be in downtown concord. that starts at 10:00 this morning. and in the north bay novato will have a 4th of july parade at 10:00 in the old town area. and to the south morgan hill parade starts downtown about 10:00. and fireworks of course. celebrations all around the bay area tonight. we have a complete list of places to go and view. all you have to do is go to our website at cbs5.com. time now 4:56. following two developing stories this 4th of july. we're live at a deadly bart station shooting. contra costa county. what >>> we'll be right back. back at the 5:00. ,,,,,,,,,,,, closed, after a police shooting. what led up to the deadly >>> a violent start to the 4th of july. a bart station closed after a police shooting there. what led up
to committing crimes is small. >>> joe montana is expected to make a big business pitch before the santa clara city council this evening to build an entertainment complex near the site for the future 49ers stadium. the plans include a luxury hotel, restaurant and sports bar on city-owned land. city manager opposes the land saying others should have a chance to bid. >>> the cost of diesel is going up and truck drivers in california are slowing down. truck companies say on a good day, drivers following the speed limit of 55 would get 5.5 miles per gallon. at 65 the miles per gallon drops to 5. drivers say even though 55 is cheaper and safer, it's still too slow for cars. >> people are flipping you off? >> you know what? it's a whole lot of -- i mean, it's -- what can you could? >> companies say with diesel prices at $4.30 a gallon, driving the speed limit will save them about $12,000 a year. it adds up. >>> 4:56. details continue to unfold from that uk phone hacking scandal. who is being targeted by parliament this morning. we'll tell you that. plus, an early-morning wake-up call for astronauts
Search Results 0 to 6 of about 7